WPP PLC (ADR) (NASDAQ:WPPGY) has been downgraded from Buy to Hold in a statement by Jefferies & Co earlier today.
- Updated: September 26, 2016
Jefferies & Co has downgraded WPP PLC (ADR) (NASDAQ:WPPGY) from Buy to Hold in a statement released on 09/26/2016.
Having a price of $115.29, WPP PLC (ADR) (NASDAQ:WPPGY) traded -1.85% lower on the day. The last closing price is up 1.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. WPPGY has recorded a 50-day moving average of $116.50 and a 200-day moving average of $114.06. 35,470 shares of the stock were exchanged, down from an average trading volume of 137,423
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WPP PLC (ADR) has a 52 week low of $95.67 and a 52 week high of $121.55 with a P/E ratio of 27.46 The company’s market cap is currently $0.
In addition to Jefferies & Co reporting its target price, a total of 2 firms have reported on WPPGY. The one year target is $136.95 with two analysts rating the company a strong buy, zero analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About WPP PLC (ADR) (NASDAQ:WPPGY)
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services. The Data Investment Management segment offers brand, consumer, media, and marketplace insight services. The Public Relations & Public Affairs segment provides corporate, consumer, financial, and brand-building services. The Branding & Identity, Healthcare and Specialist Communications is involved in branding and identity; healthcare communications; and direct, digital, promotional, and relationship marketing activities. This segment also offers specialist communications services, such as custom media and multicultural marketing; event, sports, youth, and entertainment marketing; corporate and business-to-business; and media, technology, and production services, as well as provides digital and creating measurable interactive marketing, integrated digital marketing strategy, mobile solutions, and proprietary platforms services. WPP plc was founded in 1985 and is based in London, the United Kingdom.
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